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BUSINESS ENVIROMENT — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMBUSINESS ENVIROMENT3 Marks
Question
Which internal factors affect the business environment?
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Answer

  • The factors which can mostly be controlled by the managerial personnel of the organization are called internal factors of business environment.
  • The managers can make necessary changes to such factors as per the objectives of business, employees, organizational system, etc.

Internal factors are mainly of three types.
They are:

  1. Business objectives
  2. Employees
  3. Managerial systems i.e. organizational structure

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